Businesses of all sizes may need some extra cash flow now and again, and we have the experience and resources to custom tailor a business loan to meet the specific needs of your business – no matter what size.
We know these are especially trying times for everyone, and small businesses are struggling to keep up with the changes resulting from CDC Guidelines, state and federal mandates. Rest assured we are here to help you navigate this situation.
If you are a TEGFCU member with a commercial loan/line of credit or mortgage and are struggling to make your payments due to the COVID-19 crisis , please email Businessloans@tegfcu.com. Be sure to include your name, email, primary phone number, business name and address and how your business is experiencing hardship so a TEG team member can reach out to you to discuss your situation and how we may be able to help.
Also the Small Business Administration is providing several resources to help you and your business:
Economic Injury Disaster Loan Program – Apply directly with the SBA as they can provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by the Coronavirus (COVID-19).
SBA COVID 19 Resources Page – This page provides links to the latest communications from the government and the CDC which impact small business owners.